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CSPAN
Dec 5, 2012 12:00pm EST
in medical equipment to russia in 2011, but we face strong competition from china, which increased its share of the russian market in each of the last ten years. mr. president, we don't shy away from strong competition, but we want that competition to be able to be played out on an even playing field. and as long as we don't have normal permanent trade relations with russia, we're disadvantaging ourselves. it simply doesn't make sense. russia has agreed he, since joining the w.t.o., russia agreed to reduce average tariffs on medical equipment to 4.3% and to cut its top tariffs from 15% down to 7%. as it stands now, that is a benefit that china will get, and we will not. it simply doesn't make sense to anybody. to grant russia pntr status requires us to repeal the 1974 jackson-vanik amendment. a lot of our staff members, i hasten to say, were not even born back when jackson-vanik was put in place. and many of our colleagues and a lot of our staff have studied the soviet union but have never really experienced that period of time, and what we're living with is a complete and total relic of a b
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